ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

A Zero Emissions Future Starts Now: Werner Enterprises and Cummins Announce Collaboration to Integrate Cummins’ New 15-liter Natural Gas and 15-liter Hydrogen Internal Combustion Engines

Werner Enterprises (Nasdaq: WERN), a premier transportation and logistics provider, and Cummins Inc. (NYSE: CMI), global power solutions provider, have announced that Werner will begin validation and integration of Cummins’ recently announced 15-liter natural gas and 15-liter hydrogen internal combustion engines in its vehicles. Cummins will begin integrating these new powertrains in Werner trucks in the second half of 2022, starting with the 15-liter natural gas product.

“Werner is a transportation leader focused on reducing its carbon footprint, and Cummins is uniquely positioned to help provide low carbon options successfully and seamlessly using multiple power solutions,” said Srikanth Padmanabhan, Vice President and President, Engine Business, Cummins. “Our solutions include our newest heavy-duty natural gas engine and our heavy-duty hydrogen ICE engine currently being developed. Our broad range of powertrain solutions from advanced diesel, natural gas, hydrogen to electrification allows Cummins to provide multiple options that meet our customers’ specific business needs and sustainability targets today. The next generation Cummins powertrains will provide a clear path to transition towards a zero- emission future.”

"The options Cummins is providing align with our longstanding focus on sustainability and reducing our carbon footprint,” said Derek Leathers, Chairman, President and Chief Executive Officer, Werner Enterprises. “They understand the priority we place on using technology to minimize our impact on the environment. By being proactive now, we are ensuring a better future for everyone, and I look forward to this collaborative effort.”

"This collaboration will combine the extensive experience and expertise of both our companies to provide Werner’s fleet with a safe and reliable solution that will help them meet their sustainability and operational targets while providing Cummins valuable operational and performance data to help us optimize our product offerings," said Amy Boerger, Vice President and General Manager, North America at Cummins. "These collaborations allow us to refine and optimize our technologies to make the shift to zero-emissions commercial transportation solutions across diverse markets much more quickly."

The 15-liter natural gas engine announced in October of 2021 can be paired with a Cummins Eaton Automated Transmission Technologies Endurant HD Transmission and Cummins Fuel Delivery System, ensuring a purpose-built and fully integrated natural gas powertrain. Other transmission pairings will be available at launch for specialized applications. The 15-liter engine will offer ratings up to 500 horsepower and 1,850 ft-lbs of torque, while not requiring selective catalytic reduction (SCR) to meet 2024 California or Environmental Protection Agency emission standards, providing a potentially carbon-negative solution when powered with renewable natural gas (RNG).

Hydrogen engines offer OEMs and end-users the benefit of adaptability by continuing to use familiar mechanical drivelines with vehicle and equipment integration. This mirrors current powertrains while continuing to provide the power and capability for meeting application needs.

Additionally, the 15-liter hydrogen engine can use zero-carbon green hydrogen fuel, produced by Cummins-manufactured electrolyzers. The projected investment in renewable hydrogen production globally will provide a growing opportunity for the deployment of hydrogen-powered fleets utilizing either Cummins fuel cell or engine power.

About Werner Enterprises

Werner Enterprises, Inc. (Nasdaq: WERN) delivers superior truckload transportation and logistics services to customers across the United States, Mexico and Canada. With 2020 revenues of $2.4 billion, an industry-leading modern truck and trailer fleet, over 13,000 talented associates and our innovative Werner EDGE technology, we are an essential solutions provider for customers who value the integrity of their supply chain and require safe and exceptional on-time service. Werner provides Dedicated and One-Way Truckload services as well as Logistics services that include truckload brokerage, freight management, intermodal and final mile. As an industry leader, Werner is deeply committed to promoting sustainability and supporting diversity, equity and inclusion. More information can be found at www.werner.com.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,800 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. Learn more at cummins.com.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.